Word: grained
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Perhaps the most interesting example of Reagan's curious way with facts came when he was asked in Kansas whether he supported 100% parity, a formula that pegs the price of grain to an index of what various consumer goods cost in 1914. To oppose parity in Kansas is considered somewhere between blasphemy and heresy, but Reagan's answer was almost as bad: "I have to confess to you that I'm not as familiar with that as some things." Pressed the next day, he admitted: "I know more about it than I indicated there." The trouble...
After the Soviet invasion of Afghanistan, Jimmy Carter rolled out the big battalions of economic warfare by cutting off U.S. shipments of grain and high technology to Moscow. But three months later, the U.S. trade offensive is stuck in a quagmire. Soviet troops are still in Kabul, and the "punitive" measures designed to get them out show few signs of biting. The Soviet Union will still be able to buy in the West this year nearly as much grain as it bought before the embargo, and replacement technology purchases are being readily arranged...
...raising wages to attract workers from declining or stagnant industries. Oil-using industries, facing rising prices abroad, would have to pay more for oil. Are they to go broke? Or again, suppose there is a poor world harvest, so that at current prices there is an excess demand for grain. How is this grain to be allocated if not by price? Another administrative machinery...
...furniture of the American myths is being dismantled and stored. Psychologically, if not yet financially, a stale air of foreclosure has wafted around. It is not that the U.S. is broke or now bereft of such resources as its grain, its amazing capacity to nourish life. But Americans have always needed to know the point of it all; that has been part of their peculiar national "innocence" and residual Puritan sense of themselves as the new elect of God. Without such grace or rationale, without the comfort of their demonstrable virtue and uniqueness, Americans feel themselves sliding toward triviality...
This week U.S. steelmakers expect to bring antidumping suits against European steel exporters. The suits could be embarrassing to the Carter Administration because the State Department is trying to line up European support for a grain, technology and Olympic boycott against the Soviet Union. Viscount Etienne Davignon, the European Community Industrial Affairs Commissioner, warns: "If we enter into a trade war and protectionism in steel, then cars will follow rapidly, and after cars it will be shipyards and then advanced technology industries...